Vantiv to launch $515 million term loan B on Thursday morning

By Sara Rosenberg

New York, Sept. 20 – Vantiv Inc. is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch a $515 million seven-year term loan B, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Price talk on the term loan B is Libor plus 250 basis points to 275 bps with a 0.75% Libor floor and an original issue discount of 99.75, the source said.

Proceeds will be used to refinance existing debt.

Vantiv is a Symmes Township, Ohio-based provider of payment processing services and related technology solutions for merchants and financial institutions.

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